12011 East Iliff Avenue, Aurora, CO 80014 For Sale

Lee & Associates is pleased to present the opportunity to acquire a fee simple interest in a single-tenant Walgreens located in Aurora, Colorado, within the Denver MSA. The property consists of an approximately 11,034 square foot standalone pharmacy with a drive-thru, situated on a 1.23-acre parcel at 12011 E Iliff Avenue. Built in 2007, the asset is leased to Walgreens Co. under an absolute NNN lease structure, providing zero landlord responsibilities and stable, passive income.

Walgreens is a nationally recognized investment-grade tenant and one of the largest pharmacy operators in the United States, with thousands of locations nationwide and reported revenues exceeding $150 billion. This location has demonstrated long-term operational success, with nearly two decades of occupancy and strong reported sales exceeding $3.1 million, resulting in a favorable rent-to-sales ratio of approximately 13%. The lease features a remaining term through November 2032, along with multiple extension options, offering long-term income security backed by a corporate guaranty.

The property is strategically positioned at a signalized hard corner with visibility to approximately 69,000 vehicles per day, less than one mile from Interstate 225. The surrounding trade area is a dense and established retail corridor with over 169,000 residents within a three-mile radius and strong household incomes. The site benefits from proximity to major retail centers, healthcare facilities including the Medical Center of Aurora, and key economic drivers such as Buckley Space Force Base. Aurora’s position within the greater Denver metropolitan area, combined with strong population growth and a diversified economic base, supports continued tenant performance and long-term investment stability.